About the Company
Headquartered in Virginia, Norfolk Southern Corporation is a transportation company that owns and operates one of the biggest freight railroad systems, the Norfolk Southern Company.
Norfolk Southern Corporation serves as a major transporter of industrial products which includes chemicals, agriculture, and metals and construction materials. Norfolk Southern Corporation stocks began its first public trading on New York Stock Exchange (NYSE) on June 02, 1982, under the ticker symbol of ‘NSC’. Its shares are listed on DJIA and S&P 500 indexes.
The key subsidiaries of Norfolk Southern Corporation include Conrail Inc., Lambert’s Point Docks, Norfolk Southern Properties, Norfolk Southern Railway Company, Pocahontas Land Corporation, Transworks Inc., Triple Crown Services Company, Thoroughbred Technology and Telecommunication Inc and Thoroughbred Mechanical Services.
The operations of Norfolk Southern Railway Company subsidiary of Norfolk Southern Corporation span nearly 19,500 route miles in approximately 22 states. Also, the District of Columbia manages every service container port in the eastern United States as well as ensures effective connections to other rail carriers.
Norfolk Southern Corporation’s rail transportation includes transporting raw materials, finished goods, and intermediate products in the Southeast, East and Midwest of the United States. The transportation of these products to and from the remaining part of the United States is connected via interchange with railway carriers.
Norfolk Southern Corporation’s transportation of overseas freight is conducted through various Atlantic and Gulf Coast ports. Also, it has an active intermodal network that covers the eastern part of the United States and essentially carries coal, automobiles and automotive parts. Its services include wireline or pipeline fibre optic projects, property lease and sales, access property, control private crossings, advertise businesses with signboards, and natural resource management.
The establishment of Norfolk Southern Corporation dates back in the 1980s when Norfolk and Western (NW) merged with Southern Railway (SR). This merging resulted in establishing Norfolk Southern Corporation, the nation’s fourth-largest track line system. The operations of Norfolk Southern Corporation grew with the acquisition of North American Van Lines, Inc. in 1985. Norfolk Southern Corporation bought-off the company at a price of $369 million. Another major business expansion of Norfolk Southern Corporation occurred in 1986 when it agreed to cooperate with the Consolidated Rail Corporation (Conrail) by offering competitive services in areas which fall under both NS and Conrail. Presently, the company manages its operations with the help of approximately more than 28000 employees working for it. Norfolk Southern Corporation was incorporated in 1980.
Throughout its existence, Norfolk Southern Corporation earned several awards and numerous acknowledgements. In 2020, the NS Corporation ranked 388th on Forbes’ list of Global 2000 2020. It was ranked in other categories, including Market value (ranked 249th) and Profit (ranked 317th). As of 2020, Norfolk Southern Corporation stands on 283rd position on the list of Fortune 500 companies.;
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